The New Coney Island - Brooklyn's Times Square by the Sea

Tuesday, October 27, 2015


NY Yimby excerpt (thanks guys!) -

An underground garage will offer parking for 106 cars. Across the street at 532 Neptune Avenue, plans currently call for an incredible 890 parking spots, spread between the first two floors.

The 470-foot-tall apartment tower will include 544 apartments, in addition to 146,411 square feet of retail and 15,521 square feet of community facilities. SLCE Architects filed plans in January, and the complex got its first work permits in June.

Monday, October 26, 2015

Express F Train Coming to Coney!

News12 excerpt -

CONEY ISLAND - The amusement district is busier than ever. To ensure its success streak continues, city officials have plans to restore the F train express service to Coney Island.
Mayor Bill de Blasio and Gov. Andrew Cuomo have already agreed to fund the plan for the next four years. The renovations will be one of the many advancements Coney Island is making during its renaissance.

Friday, October 23, 2015

300,000 sq feet of retail coming to Coney!

plus 2 parking garages with 500 spaces! 

Introducing the combo of 532 Neptune Ave and 626 Sheepshead Bay Road.

Phase 1 completion - Spring 2017, which will be  626 Sheepshead Bay road

Tuesday, October 20, 2015

Eminent Domian public hearing

NY Post excerpt -

“We believe this project is critical for the long-term sustainability of Coney Island,” said Adriana Scotti, a vice president for the Brooklyn Chamber of Commerce.

The owners of the old Thunderbolt site didn’t attend the hearing.

But the owner of the lone active lot called it an “abuse of power.”

“My property has been home to a business for the past 100 years without interruption. There is no blight,” said Carol Murray, owner of a targeted 9,000-square-foot parcel now occupied by the Polar Express and other rides.

The city plans to use the land to build a grand walkway connecting three landmarks: the Cyclone roller coaster, Wonder Wheel and Parachute Jump.

Tuesday, October 6, 2015

Confirmed by Supermarket News - Compare Foods wins first bid on Waldbaums in Sheepshead Bay

Excerpt -

Fransula Foods, a Charlotte, N.C.-based operator of Compare Foods stores, would be the next largest gainer, getting sites in Passaic, N.J., Paterson, N.J., and Brooklyn (Ocean Avenue).

Reviews of the Compare Foods Supermarket in Crown Heights

New rumor - Fransula Foods owns Compare Foods Supermarkets?

This may be what is coming to the Waldbaums on Ocean Ave in Sheepshead Bay.

Rumor that Fransula Foods bought the Waldbaums on Ocean Avenue

Anybody have any idea who Fransula Foods is? Send in info. Thanks. I have never heard of them until I heard this rumor.

Sunday, October 4, 2015

Daily News - Brooklyn's Pacific Street is the new gold coast for luxury real estate

Excerpt - 

Brooklyn has a new gold coast for luxury real estate.

Forget the slender brownstones of Brooklyn Heights’ Willow and Pierrepont streets. Quirky, industrial-style homes on Pacific St. between Fourth Ave. and Henry St. are the new cash cows for investors in the city’s coolest borough.

“Quietly, Pacific St. has emerged as the most exciting strip of real estate in Brooklyn,” said broker Alex Maroni of Douglas Elliman, who recently sold a $15.5 million mansion on the street. “No one expected that we would ever see the prices we’re seeing along this corridor.”

A string of residential mega-deals has put a spotlight on a stretch of Pacific St. that runs through Cobble Hill and Boerum Hill — from the Barclays Center and surrounding megaproject to the former Long Island College Hospital, which is being converted to apartments.

In June, Maroni sold the six-bedroom carriage house at 177 Pacific St., between Clinton and Court Sts., to famed shutterbug Jay Maisel, shattering the record for the most expensive home ever sold in Brooklyn.

Also this spring, “Feels like Home to Me” singer Norah Jones, who already owned a home around the corner on Amity St., nabbed a $6.25 million house just blocks away, at 172 Pacific St., bringing even more star power to a neighborhood colonized by Hollywood in 2005, when Michelle Williams and Heath Ledger bought a Boerum Hill pad on the nearby corner of Hoyt and Dean Sts.

Now, investors are looking to leverage the growing momentum on the strip by filling in vacant patches of land with cool, amentity-laden homes that are impossible to build in nearby Brooklyn Heights or even in the West Village.

One of those new houses is about to list for $12.5 million, or more than $2,000 a foot.

High prices apply to condos, too.

Buyers will have to fork out more than $1,400 a foot, or about 40% more than the neighborhood average, for apartments at a new 30-unit condo development at 465 Pacific St., designed by architect Morris Adjmi.

WSJ - A Sea Change for Brighton Beach

Thanks to a reader that sent this in 

Excerpt -

In fact, the most expensive known sale took place only eight months after Sandy, at 125 Oceana Dr. East, when a 2,800-square-foot, three-bedroom duplex penthouse traded for $3.5 million, or $1,250 a square foot, Mr. Miller said.

Today’s priciest offering: $10 million for a gated waterfront mansion. 

Owner Gary Vinbaytel, 46, a Ukraine-born builder of East Village condos, said he upped the tab $2 million last week after receiving multiple offers. “I rolled the dice,” he said. “It’s worth more.”

Those are dizzying prices even for Manhattan-fronting areas like Dumbo, Williamsburg and Brooklyn Heights. But they represent a sea change in this one-square mile, historically middle-class enclave bounded by the boardwalk on the south, Shore Parkway on the north, Ocean Parkway on the west and West End Avenue on the east.

“The gap between southern Brooklyn and northern and middle Brooklyn has been steadily shrinking,” said Jason Muss, 44, a principal at Muss Development LLC, whose family constructed the 15-acre Oceana Condominium & Club fronting the Boardwalk.

It replaced the Brighton Beach Baths, a members-only pool club that opened in 1907 and was renowned for mah-jongg games, Yiddish-language gossip and performers like Milton Berle and Herman’s Hermits. In the 1960s, it had 13,000 members; there were 1,100 when it closed in 1997.

The Oceana, with 927 high-end units in 16 buildings, was built in phases over the past 14 years and quickly became a magnet for Jewish and other immigrants from the former Soviet Union.

“When we first told people in 2000 we were building condos in south Brooklyn, they looked at us as if we were crazy,” Mr. Muss recalls. “But it was a precursor to the overall boom in Brooklyn.”

Councilman Treyger comments in the Brooklyn Paper

Interesting comments in the Eminent Domain article

Excerpt -

“The land that is now being contested by the city is owned by the same landlord who owns the historic Shore Theater, which has been languishing in decrepit condition for many years,” said Councilman Mark Treyger (D–Coney Island). “They have not been responsive to numerous attempts to discuss the future of that site. If they had plans or ambitions to fix up their property, then the community would be all for it, but to let the land rot goes against everything that we’re working for to make Coney Island a year-round neighborho­od.”

The city has been working for years to try and buy the area’s vacant and crumbling properties outright, but landlords have been holding out, hoping the garbage-filled lots will turn into golden eggs amid the Brooklyn’s development rush, Treyger said.

The councilman isn’t taking the mayor’s exercise of eminent domain powers lightly, but he said in this case, it’s warranted.

“It is always preferable for normal and regular real estate business to take place,” Treyger said. “But they’re just speculating to see how the market shapes up. It is extremely frustrating for residents and myself to walk by and see vacant lots holding back our ability to actualize a common vision for the future of our iconic neighborho­od.”

The city will take possession of lots on W. 12, W. 15th, and W. 23rd streets, city officials said. One lot includes the former site of the original Thunderbolt Roller Coaster. It will be at least the second time the city exercised authority over the land — in 2000, then-mayor Rudy Giuliani razed the derelict wooden thrill ride that stood there since 1925.

It also looks as if the Bullard family responded in the comments below the paper's article